FireAngel Safety Technology Group Directorate Change (5624Q)
June 22 2020 - 1:01AM
UK Regulatory
TIDMFA.
RNS Number : 5624Q
FireAngel Safety Technology Group
22 June 2020
22 June 2020
FireAngel Safety Technology Group plc
('FireAngel', the 'Group' or the 'Company')
Directorate change
FireAngel (AIM:FA.), one of Europe's leading developers and
suppliers of home safety products, announces that John Shepherd, a
Non-Executive Director of the Company, will step down from the
Board on the earlier of 31 August 2020 or the appointment of a new
Non-Executive Director. The search is already underway for a new
Non-Executive Director to join the Board.
Mr. Shepherd, who is Chairman of the Company's Nominations
Committee, commenced the process of refreshing the Board's
composition in mid-2018, leading to the appointment firstly of Mike
Stilwell as CFO and secondly of John Conoley, initially as
Non-Executive Chairman and subsequently as Executive Chairman.
Mr. Shepherd has continued to work with the Company's Executive
Chairman on the subsequent changes of Non-Executive Directors,
including the current search. Further to the Company's announcement
earlier today confirming the successful application for a CLBILS
loan to provide a more secure journey through the disruption caused
by COVID-19, it is an appropriate time for this further change to
be made on the Board.
John Conoley, Executive Chairman of FireAngel, commented: "John
has been instrumental over the past two years in the extensive
reshaping of the FireAngel Board, and in working with Board
colleagues through many difficult challenges. It is now a very
different Board which is well balanced to exploit the Company's
investment in R&D going forward. John leaves with our best
wishes for his new endeavours."
For further information, please contact:
FireAngel Safety Technology Group plc 024 7771 7700
John Conoley, Executive Chairman
Mike Stilwell, Group Finance Director
Shore Capital (Nominated adviser and broker) 020 7408 4050
Tom Griffiths/David Coaten
Notes to Editors
About FireAngel Safety Technology Group plc
FireAngel's mission is to protect, save and improve our
customers' lives by making innovative, leading-edge technology
simple and accessible. FireAngel is one of the market leaders in
the European home safety products market.
FireAngel's principal products are connected smoke alarms, CO
alarms, heat alarms and accessories. The Company has an extensive
portfolio of patented intellectual property in Europe, the US and
other selected territories. Products are sold under FireAngel's
leading brands of FireAngel, FireAngel Pro, FireAngel Specification
and AngelEye.
For further product information, please visit:
www.fireangeltech.com
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END
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